# Commodities 2021: US soybean prices likely to rise on high exports, tight stocks | S&P Global

> S&P Global Platts forecasts US soybean prices averaging $10/bu for 2020-21, up 17%, while USDA's WASDE is more bullish at $10.55/bu. Cumulative export sales reached 53.8 million mt by Dec. 10, versus 18.8 million a year earlier, and ending stocks are at a 7-year low.

- Date: 2020-12-22 · published 2020-12-22T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/49680-commodities-2021-us-soybean-prices-likely-to-rise-on-high-exports-tight-stocks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record forward sales to China and tight ending stocks leave little cushion, supporting higher soybean and soymeal prices into 2021 unless China's purchases fall short.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-05-14 | [Trump asks China to increase imports of US farm, food commodities \| S&P Global](https://feedsoft.ai/events/14581-trump-asks-china-to-increase-imports-of-us-farm-food-commodities-s-and-p-global.md) | -1.3% | -8.2% |
| SOY | 2022-12-23 | [Commodities 2023: China's soybean imports to recover on improved margins, restocking needs](https://feedsoft.ai/events/14881-commodities-2023-china-s-soybean-imports-to-recover-on-improved-margins.md) | +3.5% | +1.4% |
| SOY | 2021-08-26 | [Record US Soybean Exports Contribute to Price Surge](https://feedsoft.ai/events/45590-record-us-soybean-exports-contribute-to-price-surge.md) | -5.1% | -4.6% |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| SOY | 2023-02-22 | [China likely to buy more US Gulf soybeans in Q1 amid South American supply woes \| S&P Global](https://feedsoft.ai/events/14863-china-likely-to-buy-more-us-gulf-soybeans-in-q1-amid-south-american-supply-woes.md) | -3.8% | -5.3% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/122220-commodities-2021-us-soybean-prices-likely-to-rise-on-high-exports-tight-stocks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.